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TIMIA Announces (up to) $1 Million New Equity Offering
Thursday, July 6, 2017Company Profile | Follow Company
Vancouver, BC, July 6, 2017--(T-Net)--TIMIA Capital Corp. (TSX-V:TCA) has announce an offering of $650,000 in new equity units (the “Units”) at a price of $0.12 per Unit under a non-brokered private placement to accredited investors.
As much as $350,000 of further Units will be offered as a second close over the next two weeks.
TIMIA Capital recently announced its fifth revenue finance investment and plans to utilize the proceeds of this offering to support further revenue finance investments, as well as for general corporate purposes.
The Common Shares, the Warrants, and any Common Shares issuable upon exercise, will be subject to a four-month hold period in accordance with applicable securities laws. The offering is subject to the approval of the TSX Venture Exchange.
For more information please contact:
Mike Walkinshaw
Chief Executive Officer
TIMIA Capital Corp.
phone: (604) 398-8839
email: info@timiacapital.com
About TIMIA Capital Corp.
TIMIA Capital Corporation , is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain control of their business. TIMIA's target market is the fast-growing growing business-to-business software-as-a-service (SaaS) segment. TIMIA is run by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.
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